Requisite Preferred Holders definition

Requisite Preferred Holders means the holders of a majority of the outstanding shares of Series D Preferred Stock at the time in question.

Requisite Preferred Holders means the holders of a majority of the outstanding shares of Series C Preferred Stock.

Requisite Preferred Holders means the holders of a majority in voting power of the outstanding shares of Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series D-1 Preferred Stock, voting together as a single class.

Examples of Requisite Preferred Holders in a sentence

• For the avoidance of doubt, the Requisite Preferred Holders may deliver multiple Put Notices from time to time until such time as all of the Preferred Units have been redeemed from the Preferred Members.

• Except as otherwise specified herein, any of the rights, powers, preferences and other terms of the Preferred Stock set forth herein may be waived on behalf of all holders of Preferred Stock by the affirmative written consent or vote of the Requisite Preferred Holders.

• No adjustment in the Applicable Conversion Price shall be made as the result of the issuance or deemed issuance of Additional Shares of Common Stock if the Corporation receives written notice from the Requisite Preferred Holders agreeing that no such adjustment shall be made as the result of the issuance or deemed issuance of such Additional Shares of Common Stock.

• The rights and obligations set forth in Sections 2.08, 2.10, 2.11, 2.12 and 2.13 shall immediately terminate upon the earliest of (a) the closing of a QPO (as defined below), (b) the consummation of a Sale Transaction (as defined below), and (c) the prior written consent of the Requisite Preferred Holders to terminate such Sections.

• The LLC agrees it will not effect a Prohibited Transfer or treat any alleged transferee as the holder of such Shares if such Requisite Preferred Holders so object.

More Definitions of Requisite Preferred Holders

Requisite Preferred Holders means both of the Series A Majority Holders and Series Seed Majority Holders, each voting as a separate class.

Requisite Preferred Holders means the holders of at least 30% of the voting power of the outstanding Preferred Shares (voting together as a single class and on an as converted basis).

Requisite Preferred Holders means the holders of a majority of the outstanding Preferred Units, voting together as a single class on an As Adjusted Voting Basis.

Requisite Preferred Holders means the holders of at least 60% of the Preferred Stock then outstanding (voting as a single class and on an as-converted basis).

Requisite Preferred Holders means the holders representing a majority of the then outstanding shares of Class A1 Preferred Stock, Class A2 Preferred Stock, Class B1 Preferred Stock, Class C1 Preferred Stock, Class D Preferred Stock and Class E Preferred Stock voting together as a group.

Requisite Preferred Holders means the Members holding at least seventy-five (75%) of the outstanding Preferred Units, voting together as a single class.

Requisite Preferred Holders means, as of any date of determination, Preferred Members holding at least a majority of the Preferred Units as of such date of determination.